Economics 9708 · AS & A Level · International trade and free trade

International trade and free trade — practice question

The price of a good sold on the international market rises. Which group would be affected most adversely?

  • Ahigh income countries that pursue a policy of self sufficiency
  • Bhigh income countries with a balance of payments surplus that export the good
  • Clow income countries dependent on importing the good
  • Dlow income countries with alternative suppliers of the good

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI